ADC Tackles Tinubu Govt Over ‘Phantom’ N19.1Trillion Petrol Subsidy Estimate, Defends Atiku’s N600 Proposal
The African Democratic Congress (ADC) has criticized the Nigerian Presidency for labeling a proposed petrol subsidy plan as a 'phantom' cost of ₦19.1 trillion. The party argues the government is using a straw man argument to discredit presidential candidate Atiku Abubakar's policy.
Why it matters
This highlights the intense political debate over fuel pricing and economic policy in Nigeria, which directly impacts the cost of living for citizens.
The statement was shared by the Deputy National Welfare Secretary of the ADC, David Itopa.
The African Democratic Congress (ADC) has rejected the Presidency’s claim that restoring petrol subsidy to support a pump price of about ₦600 per litre could cost Nigeria approximately ₦19.1 trillion annually.
The party described the figure as a “phantom figure” and accused the Presidency of constructing a hypothetical subsidy scenario in an attempt to discredit the petroleum-policy proposal of its presidential candidate, Alhaji Atiku Abubakar.
The ADC said it had “taken note of the Presidency's desperate but clumsy attempt to discredit the petroleum-policy plan of the ADC Presidential Candidate, Alhaji Atiku Abubakar,” following the Presidency’s argument that subsidising petrol to achieve a pump price of about ₦600 per litre would impose a huge financial burden on the country.
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